Details
September 8, 2015
10:00AM - 11:00AM
Unauthorized Return Rates - Are You Prepared?
Webinar
Member $199 | Non-Member $398
Effective September 18, 2015, the existing return rate threshold for unauthorized debit entries will be reduced from 1.0 percent to 0.5 percent. Also effective on this date are two new return rate levels associated with administrative and overall returns.
The second phase of this rule change will become effective in 2016 and will bring about an incentive fee being paid by ODFI originating these returns and passed to the RDFIs.
To prepare for these Rules changes, it will be imperative for an ODFI to have processes in place to be able to monitor and review return rates at the Company ID and Third-Party Sender/Originator level as well as implement a notification process to Third-Party Senders/Originators that exceed the new levels.
This session will address these issues along with:
- Monitoring processes and reports
- Insights gained from analysis
- Account Agreement Changes
- NACHA’s inquiry process and reporting requirements
- Fee Calculation
- Potential enforcement
Whether you are an ODFI or a RDFI, this session will cover just how these rule changes will affect your financial institution.
Who should attend: Suited for ACH Operations, Treasury/Cash Management, Branch Personnel, Compliance Officers and AAP Candidates
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09/08/2015 10:00 AM
09/08/2015 11:00 AM
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Unauthorized Return Rates - Are You Prepared?
Member $199 | Non-Member $398
Effective September 18, 2015, the existing return rate threshold for unauthorized debit entries will be reduced from 1.0 percent to 0.5 percent. Also effective on this date are two new return rate levels associated with administrative and overall returns.
The second phase of this rule change will become effective in 2016 and will bring about an incentive fee being paid by ODFI originating these returns and passed to the RDFIs.
To prepare for these Rules changes, it will be imperative for an ODFI to have processes in place to be able to monitor and review return rates at the Company ID and Third-Party Sender/Originator level as well as implement a notification process to Third-Party Senders/Originators that exceed the new levels.
This session will address these issues along with:
Monitoring processes and reports
Insights gained from analysis
Account Agreement Changes
NACHA’s inquiry process and reporting requirements
Fee Calculation
Potential enforcement
Whether you are an ODFI or a RDFI, this session will cover just how these rule changes will affect your financial institution.
Who should attend: Suited for ACH Operations, Treasury/Cash Management, Branch Personnel, Compliance Officers and AAP Candidates
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